Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/180281
Authors: 
Sinn, Hans-Werner
Year of Publication: 
2018
Series/Report no.: 
CESifo Working Paper No. 7019
Abstract: 
While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and moved into fiscal territory. This text describes and summarises the crucial role played by the ECB in the intervention spiral resulting from its bid to manage the crisis. It also outlines ongoing competitiveness problems in southern Europe, discusses the so-called austerity policy of the Troika, comments on QE and presents two alternative paths for the future development of Europe.
JEL: 
E02
E50
E52
E58
H50
H60
H63
Document Type: 
Working Paper

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